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Evening Standard

Business

Simon English

Oil price tumbles on recession talk, Shell and BP shares follow

Shell British Petroleum Oil Recession Pierre Andurand

Shell has seen its shares knocked (Anna Gowthorpe/PA)
(Picture: PA Wire)

BACK in March supposed energy market guru Pierre Andurand had a stark warning on oil prices— they could double to $250 a barrel as the chaos from the Ukraine war spiralled.

The hedge funder told investors: “Wakey, wakey. We are not going back to normal business in a few months.”

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